Coming to Canada most new immigrants don’t have a credit history, which is the essentially the same as having a zero credit rating. This means that many lenders will look at new immigrants as having no credit, or poor/bad credit for a car financing application.
There is auto financing solutions for Foreign Workers, Landed Immigrants and Permanent Residents who require a vehicle loan in Canada. The program is available through select car dealerships across Canada. Special financing rates are available from the following manufacturers: Chrysler, General Motors, Hyundai, Jaguar/Land Rover, Kia, Maserati, Mazda, Tesla, Mitsubishi and Volvo.
The program provides newcomers to Canada with a simple financing option for their new or used vehicle purchase, including:
- Flexible downpayment requirements from 25% to 40%
- Maximum loan amount to $100,000
- Loans up to 60 months with prime interest rates
When new immigrants and foreign workers first arrive in Canada, buying a car is a big purchase for many. Auto Source is proud to introduce the New Immigrant Auto Loan Program, which provides auto financing solutions for New Immigrant Car Loans in Canada and Foreign Worker Car Loans in Canada
Auto Source works directly with lenders to Get New Immigrants or Foreign Workers Car Loans in Canada. For any new immigrant to Canada, building up a good credit score and ensuring sound financial habits will only help enhance the experience of living in the country and will certainly help in integrating with the community much faster.
Get approved in within hours. Complete our online credit application, it’s fast and easy and most of all secure. Your personal information is protected by the highest level of protection available for online.
Finding the car you want has never been easier. We specialize in finding the exact car you want at a price you want to pay with the lowest interest available with rates as low as 4.9%